| 8/16/2019 8:33:06 PM patatty |
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| Cracked that 1/2 million! Bewm! |
| 8/24/2019 8:10:06 AM njhowie |
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| Is the 529 for you or your child? If the beneficiary is not you, then you should take if off your assets. |
| 8/28/2019 4:24:06 PM larry |
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| Half a mill'... What a milestone you've achieved. Great job! ;-) |
| 8/30/2019 4:35:18 PM patatty |
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| Thanks larry! Definitely exciting!
njhowie, I've heard people make this argument, but I'm not sure I agree that a 529 account should not be counted toward net worth. Yes, it's currently intended to go toward my son's education, but he's only 3 years old, so who knows what the future holds? Maybe he'll get free tuition or won't go to college. But if it does go to his tuition as currently planned, it's still an asset that will reduce the amount I have to draw down on other parts of our net worth. I do agree that it's not an asset that should be counted for the purpose of deciding when it's okay to retire. |
| 8/30/2019 6:19:20 PM EscapeVelocity |
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| Good on you patatty! There's no right or wrong, but as someone with kids in college now, it somehow stings less to cut a check from an account that I never considered mine ... just food for thought! Cheers on reaching a milestone! |
| 9/2/2019 3:05:56 PM patatty |
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| Thanks gmt! You make a good point, and you obviously know what you're doing when it comes to personal finances! |